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3 results for “Decision Makers (DMs)”
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Research ArticleOpen accessIn the keywordsBayesian Framework in Repeated-Play Decision MakingYohei Kobayashi, Takemi FujikawaProblem statement: There have been much reported on decisions from experience, also referred to as decisions in a complete ignorance fashion. Approach: This note lays out a Bayesian decision-theoretical framework that provides a computable account for decisions from experience. Results: To make the framework more tractable, this note sets up and examines decisions in an incomplete ignorance fashion. The current … …American Journal of Applied Sciences, Vol. 9, Issue 4 · 18 Feb 2012 · 6,717 accessesView PDFCite
Research ArticleOpen accessIn the abstractA Laboratory Study of Curiosity Behavior in Feedback-Based DecisionsTakemi FujikawaProblem statement: This study adopts an interdisciplinary approach in conducting the study on "curiosity" with a toolset of experimental economics. Approach: I hypothesized that the Decision Makers (DMs) tended to exhibit curiosity behavior when two conditions were met: (1) The DMs faced "small feedback-based" decision problems; (2) The DMs bore tangible costs of their curiosity behavior. Results: This study was … …American Journal of Applied Sciences, Vol. 7, Issue 12 · 31 Dec 2010 · 7,461 accessesView PDFCite
Research ArticleOpen accessIn the abstractA Solution Methodology of Bi-Level Linear Programming Based on Genetic AlgorithmM. S. Osman, W.F. Abd El-Wahed, Mervat M.K. El Shafei, Hanaa B. Abd El WahabProblem statement: We deal with the bi-level linear programming problem. A bi-level programming problem is formulated for a problem in which two Decision-Makers (DMs) make decisions successively. Approach: In this research we studied and designs a Genetic Algorithm (GA) of Bi-Level Linear Programming Problems (BLPP) by constructing the fitness function of the upper-level programming problems based on the definition of … …Journal of Mathematics and Statistics, Vol. 5, Issue 4 · 31 Dec 2009 · 7,184 accessesView PDFCite